JK Rowling, the author of the
books, has terminated her association with her agent of 16 years, Christopher Little, bringing to an end the most commercially successful relationship in literary history.
It was Little who spotted the potential of Rowling''s first manuscript and single-handedly turned her Harry Potter novels into a multi-million pound industry.
To add insult to injury, Rowling, who has an estimated fortune of 530 million pounds, has joined one of Little''s business partners, Neil Blair, at a new agency that he has set up, The Blair Partnership.
Little is now considering legal action against Rowlings decision, it has been reported. "Christopher Little has worked closely with JK Rowling since the very beginning 16 years ago," the Telegraph quoted Littles spokesman as saying.
"He greatly admires her and her extraordinary talent and is proud to have played his role throughout this journey. However, he is disappointed and surprised to have heard the premature news about the proposed new arrangements, the spokesman added.
Rowling, 45, who has sold more than 450 million copies of her books about the child wizard, however, declined to explain her decision.
Little, an amiable Yorkshireman, who ran his agency in near-Dickensian offices in Fulham, is now worth millions.
He reportedly struck a deal under his usual terms when he first signed up Rowling: 15 per cent of gross earnings for the British market and 20 per cent for merchandising rights, for film, for the American market and for translation deals.